StockNews.com Initiates Coverage on Taitron Components (NASDAQ:TAIT)

StockNews.com started coverage on shares of Taitron Components (NASDAQ:TAIT) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Taitron Components Stock Down 0.8 %

NASDAQ:TAIT opened at $2.48 on Tuesday. The firm has a market capitalization of $14.93 million, a PE ratio of 10.78 and a beta of 0.43. Taitron Components has a twelve month low of $2.48 and a twelve month high of $3.30. The stock’s 50-day simple moving average is $2.58 and its 200 day simple moving average is $2.70.

Institutional Trading of Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components as of its most recent SEC filing. 18.09% of the stock is owned by hedge funds and other institutional investors.

Taitron Components Company Profile

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.